Robeco Institutional Asset Management B.V. grew its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,648 shares of the company’s stock after purchasing an additional 34,763 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.14% of Estee Lauder Companies worth $80,896,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in Estee Lauder Companies by 6,015.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after purchasing an additional 6,784,090 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Estee Lauder Companies by 112.1% during the third quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock valued at $1,022,019,000 after acquiring an additional 3,716,962 shares in the last quarter. Norges Bank bought a new stake in shares of Estee Lauder Companies during the fourth quarter valued at approximately $233,786,000. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in shares of Estee Lauder Companies by 673,732.9% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,125,301 shares of the company’s stock valued at $146,401,000 after acquiring an additional 1,125,134 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Estee Lauder Companies by 445.1% during the fourth quarter. Millennium Management LLC now owns 809,688 shares of the company’s stock valued at $105,340,000 after acquiring an additional 661,151 shares in the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.
In related news, Director Lynn Forester sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $172.48, for a total transaction of $1,724,800.00. Following the completion of the sale, the director now owns 14,000 shares of the company’s stock, valued at approximately $2,414,720. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charlene Barshefsky sold 1,356 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $172.19, for a total transaction of $233,489.64. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $688,760. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,101,723 shares of company stock valued at $515,663,218. Insiders own 16.13% of the company’s stock.
Several brokerages recently issued reports on EL. Piper Jaffray Companies lifted their price objective on shares of Estee Lauder Companies from $161.00 to $178.00 and gave the company a “positive” rating in a report on Thursday, April 25th. Raymond James lifted their price objective on shares of Estee Lauder Companies from $164.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. UBS Group lifted their price target on shares of Estee Lauder Companies from $153.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a report on Wednesday, February 6th. Finally, Berenberg Bank lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. Estee Lauder Companies currently has a consensus rating of “Buy” and a consensus price target of $170.82.
Shares of Estee Lauder Companies stock traded down $2.57 during trading hours on Wednesday, reaching $164.05. The stock had a trading volume of 1,504,372 shares, compared to its average volume of 1,790,444. Estee Lauder Companies Inc has a twelve month low of $121.47 and a twelve month high of $180.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69. The company has a market cap of $59.77 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 2.45 and a beta of 0.72.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts forecast that Estee Lauder Companies Inc will post 5.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 1.05%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 38.14%.
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About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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